Detail akcie Sunstone Hotel online

Business Summary: Sunstone Hotel Investors, Inc. is a real estate investment trust. The Company owns approximately 14 hotels, comprised of 6,675 rooms, located in six states and in Washington, DC. The Company’s portfolio consists of luxury hotels located in convention, resort destinations and urban markets. It is the owner of Long-Term Relevant Real Estate (LTRR) in the lodging industry, specifically hotels in urban and resort destination locations. The Company's hotels are operated by third-party managers under long-term management agreements with TRS Lessee or its subsidiaries. It is operated by third-party managers under long-term management agreements with the TRS Lessee or its subsidiaries. Its third-party managers include subsidiaries of Marriott International, Inc.; managers of six of the Company’s hotels; Hyatt Hotels Corporation, manager of two of its hotels; and Four Seasons Hotels Limited, Highgate Hotels L.P. and an affiliate, Hilton Worldwide, and Interstate Hotels & Resorts, Inc.
Financial Summary: BRIEF: For the three months ended 31 March 2024, Sunstone Hotel Investors Inc revenues decreased 11% to $217.2M. Net income applicable to common stockholders decreased 46% to $9.3M. Revenues reflect Occupancy - % Renaissance Long Beach decrease of 56% to 32.6%, ADR- Four Seasons Resort Napa valley decrease of 22% to $1075, FFO per Share (Diluted) decrease of 21% to $0.19, Room decrease of 11% to $135.8M, Food and beverage decrease of 13% to $61.3M.